Kraken relocates headquarters to Wyoming due to favorable crypto regulations

From Cointelegraph

June 20, 2025 12:31:00 PM:

Cryptocurrency exchange Kraken relocates global headquarters to Wyoming, citing pro-crypto policies and support from Senator Cynthia Lummis. Wyoming plans to issue its own stablecoin and proposes a strategic Bitcoin reserve. Kraken left San Francisco after employees faced attacks. Many crypto businesses, like Binance and Coinbase, operate remotely without physical headquarters. Wyoming seen as a crypto-friendly state.

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1. Bitcoin reaches new all-time high of $64,863, surpassing previous record set in April. The cryptocurrency’s market cap now exceeds $1.2 trillion, making it the most valuable digital asset.

2. Ethereum hits record high of $2,487, fueled by growing interest in decentralized finance (DeFi) applications. The network’s market cap now stands at over $285 billion, solidifying its position as the second-largest cryptocurrency.

3. Dogecoin experiences significant price surge, reaching a new all-time high of $0.45. The meme-based cryptocurrency has seen a meteoric rise in popularity, with its market cap now exceeding $58 billion.

4. Tesla CEO Elon Musk announces plans to accept Dogecoin as payment for merchandise on the company’s website. The move is seen as a major endorsement for the cryptocurrency, driving up its value even further.: Kraken Moves Its HQ To Wyoming, Citing The Regulatory Environment